The Law Society has responded to the Ministry of Housing, Communities and Local Government consultation on implementing reforms to the leasehold system in England.
This consultation builds on an earlier consultation in December 2017 looking to tackle unfair practices in the leasehold market.
Following on from this, this consultation has sought views on how to implement suggested reforms to improve four main areas of leasehold:
- implementing the ban on the unjustified use of leasehold in new houses
- implementing the reduction of future ground rents to a nominal value
- implementing measures to ensure that the charges that freeholders must pay towards the maintenance of communal areas are fairer and more transparent
- implementing measures to improve how leasehold properties are sold